Innovation is the process of introducing new ideas or promoting change through a new idea or object. There are two main types of innovation: discovery and invention. This is a guiding principle of Americans not to settle and to remember that things can always improve or be enhanced. Through this spirit of innovation, Americans are always working to advance the fields of science, medicine, and technology.
Innovation is the process of introducing new ideas or promoting change through a new idea or object. There are two main types of innovation: discovery and invention. This is a guiding principle of Americans not to settle and to remember that things can always improve or be enhanced. Through this spirit of innovation, Americans are always working to advance the fields of science, medicine, and technology.
Answers
In its purest sense, “invention” can be defined as the creation of a product or introduction of a process for the first time. “Innovation,” on the other hand, occurs if someone improves on or makes a significant contribution to an existing product, process or service.
The five innovation models are:
Employee innovation (already published)
Customer innovation (already published)
Partner/supplier innovation (already published)
Competitor innovation (already published)
Public innovation.
Examples of product innovations:
Lego has been changing the materials of its famous bricks to biodegradable oil-based plastics.
The first electric vehicles introduced in the car's market were also an innovation, and new batteries with longer ranges that keep coming out are also an example of innovation.The four different types of innovation mentioned here – Incremental, Disruptive, Architectural and Radical – help illustrate the various ways that companies can innovate. There are more ways to innovate than these four.Jun 29, 2015